Ask Experts Questions for FREE Help !
Ask
    margo2's Avatar
    margo2 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Sep 10, 2010, 06:21 AM
    Deed/Mortgage
    My house has been for sale for 3yrs (Fl) The Mortgage is under my name but deed is under both my daughter and my name, if I walk away will this affect her (daughter) credit or will she resonsible in any way.
    LisaB4657's Avatar
    LisaB4657 Posts: 3,662, Reputation: 534
    Expert
    		  
    #2

    Sep 10, 2010, 07:01 AM
    She will not be responsible in any way for the loan payments. It should not affect her credit. If for some reason it shows up on her credit report she can get it removed.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Name on mortgage, not on deed. [ 9 Answers ]

My husband says my name is on the mortgage, but not on the note or deed. He says the lender would not allow my name on the deed because I was unemployed at the time (never mind the 40% down pmt came from me.) He also says I am not responsible for paying the loan because I am not on the note, just...

Warranty deed versus mortgage deed [ 1 Answers ]

What deed is given when there is a mortgage on the property

Name on Deed Not on Mortgage [ 1 Answers ]

Do I have any obligations if my name is on the deed of a house but not a mortgage?

View more questions Search